2024 Masters Summer Intern - Quantitative Research Analyst, Portfolio Management, US

PIMCONewport Beach, CA
Paid Internship

3 months ago


Job Title

2024 Masters Summer Internship - Quantitative Research Analyst, Portfolio Management

Job Location

PIMCO’s Newport Beach, CA Headquarters

Job Overview

  • This internship position is for a Quantitative Research Analyst in the Portfolio Management team.
  • You will have the opportunity to work closely with Portfolio Management in providing quantitative input to PIMCO’s investment process.
  • Tasks include developing models for alpha generation, managing risk, performing econometric analyses, and building empirical and risk-neutral valuation models.
  • You will have the chance to collaborate with both discretionary and quantitative portfolio managers across all asset classes.


  • PIMCO follows a total compensation approach.
  • Salary: $165,000.00
  • Compensation includes a base salary and a discretionary bonus.
  • Base salary is determined by core job responsibilities, relevant experience, internal level, and market factors.
  • The discretionary bonus is used to award performance based on company, business, team, and individual performance.


  • Work closely with Portfolio Management in quantitative research and analysis.
  • Develop models for alpha generation and manage risk.
  • Perform econometric analyses of historic returns.
  • Build empirical and risk-neutral valuation models.
  • Apply macroeconomic research and analyze large sets of transaction data.


  • Quantitative Master’s degree (financial engineering or other technically demanding program such as theoretical physics or math) with an expected graduation date of December 2024 - June 2025.
  • Bachelor’s degree focus in Finance, Economics, or other technical degree is preferred.
  • Minimum 3.2 cumulative collegiate grade point average on a 4.0 scale or the equivalent.
  • Fluent in English (speaking, reading, writing).

Desired Skills and Characteristics

  • Interest and background in finance theory, especially portfolio theory, asset allocation techniques, option pricing, and asset pricing.
  • Programming skills and numerical problem-solving techniques.
  • Training and experience with Python, Matlab, SAS, C++, or other related language. SQL knowledge preferred.
  • Formal training in Econometrics is desired, particularly time series econometrics such as vector auto regression, error correction models, Kalman filtering techniques, etc.
  • Comfortable working with large data sets, both structured and unstructured.
  • Good exposure to and knowledge of financial markets.
  • Ethical, intellectually curious, collaborative, organized, flexible, high energy, self-starter, accountable, humble.

We're excited for you to apply!

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Career Paths

People who completed this type of internship end up in the following types of jobs

Top majors

That get hired for this type of internship

  • Economics18%

  • Finance9%

  • Business Administration Management And Operations7%

  • Management Science5%

  • Accounting5%

  • 241 other majors53%

People who did this kind of internship end up at the following companies

  • PwC
  • Bain & Company
  • Deloitte
  • Ernst & Young
  • KPMG
Typical benefits offered for paid internships

(National average offered by employers)



Relocation Assistance




Housing Assistance

(avg. $2,892)




Travel Stipend

(avg. $978)




Tuition Reimbursement




Medical Insurance




401(k) Company Match




Paid Holidays


Estimated Monthly Living Expenses

For Newport Beach, CA | $5,264/mo

  • Housing/Rent$3,180

  • Miscellaneous$950

  • Food$486

  • Transportation$339

  • Utilities$309


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